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The Samsung Pay Mini online payments app expected to go live in South Korea this month will be compatible with Apple devices as well as Android smartphones, according to ETNews. “Samsung Electronics is planning to provide this application for free and has designed it so that it can be used on all smartphones such as iPhones and LG Electronics’ phones,” the publication reports. News that Samsung is preparing to roll out the Samsung Pay Mini app emerged last week.
- Germany passes law forcing Apple to open up Apple Pay
- Samsung adds Promoted Cards to Samsung Pay in Australia
- Google to offer bank accounts?
- Nestlé pilots face recognition payments in Barcelona
- Facebook Pay launches on Facebook and Messenger, Instagram and WhatsApp to follow


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Need to catch up on what’s been going on in the world of motorcycling over the last week? Here’s your five-minute briefing.
Suzuki teases new Katana
Suzuki has released a short teaser video promising a new model at the Intermot show in Cologne next month – but it really doesn’t tell us much about what to expect.
The brief clip shows a blacksmith’s forge, with a sword being beaten on an anvil followed by some Japanese text and the English words “Feel the Edge.” It then tells us that it’s coming at Intermot on 2nd October.
According to our colleagues in Japan, the Japanese characters on screen represent the word ‘Sword’ – or ‘Katana’ – and ‘chop’ or ‘cut’.
Given that Suzuki has recently renewed its trademark rights to the Katana name and logo around the world, surely the new bike will be reviving that famous tag.
While we tend to associate Katana with the legendary Hans Muth-designed machines that reached production in 1981, it’s also been used more recently on the jellymould GSX-F600 that ended production in 2006, not to mention the occasional scooter. However, we’re expecting a return to form with the new bike, as all the rumours suggest it’s going to be the production version of the turbocharged, parallel twin Recursion concept bike that first appeared at the Tokyo show back in 2013.
That concept was a 588cc, 100hp turbocharged twin, with an SOHC cylinder head and an engine tuned towards economy rather than outright power. Since then, at the 2015 Tokyo show, Suzuki revealed a 700cc DOHC turbo twin engine – the XE7 – that’s actually destined for the production version. It’s likely to make something closer to 150hp.
We understand that the bike will be designated the GSX700T, but the name Katana sounds much, much catchier…
Motus goes down for the count
Motus, the American brand from Birmingham, Alabama that’s been making the MST and MST-R sports tourers since 2014, has closed down production with the firm’s founders saying that their financial backers have unexpectedly pulled the rug from under the company’s feet.
The intriguing Motus machines use 1650cc pushrod V4 engines, making as much as 185hp in MST-R form. Until now, sales have been in America only, but the firm was due to reveal an ABS-equipped version that might have been able to be type-approved in Europe in October this year.
It was also due to launch a naked V4 at the same time, which could have had a wider appeal than the frumpily-styled MST sports tourer.
Motus’ founders announced the firm’s closure in a message on the Motus owners’ Facebook page, saying:
To all Motus customers, dealers, staff, suppliers, friends,
After an amazing ten year ride, Motus is forced to shut down operations, effective immediately.
This week, Motus' financial backers unexpectedly informed management that they will not provide sufficient capital to maintain operations and grow the business. We were surprised and disappointed, especially because we have been working so hard preparing an October 2018 product launch into a new and exciting segment as well as new features on the MST series. This is very unfortunate timing and we will work to quickly find a new path forward for Motus Motorcycles and our American V4 powertrain division.
We are very grateful to Team Motus, truly the finest group of professionals and people, who have each dedicated so much of their hearts and soul to Motus. We are also thankful to our dealers and the many customers and supporters who have cheered us on and put gas in our tanks along the way.
For Motus owners, hang on to those motorcycles. As you already know, they are heirlooms, unlike any other motorcycles ever built.
Lee Conn and Brian Case, founders
Kawasaki drops a Ninja 125/Z125 teaser video
Back in 2017 Kawasaki promised that it would have a Ninja 125 and Z125 in its 2019 range, and in July this year we dug out still-secret specifications for the new bikes. Now Kawasaki’s Italian arm has released a teaser video that gives the first glimpses of the machines in action.
As usual, there are only brief views of the bikes, largely obstructed or flashed on screen for the shortest of moments, but the video appears to confirm our information that the Ninja 125 and Z125 will be very closely based on the existing single-cylinder Ninja 250SL and Z250SL models.
As far as can be seen, both in this video and the silhouetted teaser picture released a year ago, the bikes share the same styling and frames as the 250cc models. Our own information backs that up, since we know they have the same wheelbase, length and width as the 250s. With only 125cc engines, they’re each 4kg lighter than their 250cc equivalents.
Power for both bikes will be 11kW (14.7hp), which is precisely the limit for learner-legal 125cc bikes.
Kawasaki’s video description says (translations in brackets):
Alba o tramonto? (Sunrise or sunset?)
Lupo solitario o la forza del branco? (Lone wolf or the strength of the herd?)
Scorciatoia o giro panoramico? (Shortcut or panoramic ride?)
Città o periferia? (City or suburbs?)
Tranquillo o sportivo? (Quiet or sporty?)
Ninja o Z? (Ninja or Z?)
Kawasaki Ninja 125
Moto Guzzi V9 Bobber Sport
Later this afternoon Moto Guzzi is set to unveil the new V9 Bobber Sport at the Moto Guzzi Open House 2018 in Mandello del Lario.
At the moment, this is all the firm has to say about the new bike:
With its essential and aggressive lines, V9 Bobber Sport is the sporty version of a model that has been convincing, not only because of its superb shape, but also because of its undisputed riding qualities.
From the lone teaser image released so far, it’s clear that the V9 Bobber Sport gains a cowl around its instruments, fork gaiters, new side panels, Ohlins rear shocks and a two-tone, matt orange and grey paint scheme. It also appears to have a single seat with a suede-style finish.
On Saturday (tomorrow), the firm will have bigger news, revealing the ‘definitive’ production version of the V85 TT adventure bike, which was previewed with last year’s V85 concept. Keep your eyes on BikeSocial to see that bike as soon as we get the pictures.
Triumph Racing Champions Special Exhibition
Triumph is opening a new special exhibition – Triumph Racing Champions – at its Factory Visitor Experience museum, and to mark its launch the firm is having an event dubbed “An Exclusive Evening With…” on 11th September.
With who? Well, they’re keeping schtum on that front. All the firm will reveal is that there’s a selection of guest speakers and that Steve Parrish – always a man with plenty of tales to tell – will be hosting the event.
According to the firm, the guests “will talk you through the stories behind Triumph's most famous racing legends and the Moto2 engine development programme. Expect superb anecdotes, light refreshments, and a memorable evening...”
Tickets for the opening event, which starts at 6.30pm on 11th September, cost £15 each, and are available here.
The actual exhibition will be at the Visitor Experience from 12th September until the end of November, and includes rare and valuable Triumph racing bikes including Ernie Lyons’ 1946 Tiger 100, which was the first twin to win on the Isle of Man, and six Triumph GP bikes along with the new Moto2 engine development prototype that marks the firm’s return to Grand Prix racing.

domain: news


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Nintendo's Next Console May Have Shorter Reveal-to-Launch Window
- May 11, 2023
Nintendo enthusiasts, brace yourselves for an accelerated timeline as the giant gaming hints that its next-generation console may be announced closer to its launch, unlike the two-year gap experienced with the Nintendo Switch. This development may potentially leave fans anticipating its next groundbreaking product on the edge of their seats.
The early revelation of the Switch in March 2015, under the codename "NX," marked a significant break from traditional gaming console release schedules. The hybrid console was finally launched in March 2017, leaving fans eager for more information and speculating about what to expect. Now, according to Nintendo's recent full-year earnings call, it seems the company has learned from this experience and will likely change its approach for the next console.
During the earnings call, Nintendo President Shuntaro Furukawa explained the early announcement of the Nintendo Switch resulted from unique circumstances, including the company's new partnership with DeNA Co., Ltd. This partnership aimed to develop smartphone games while maintaining Nintendo's primary focus on its dedicated game console business. However, moving forward, the company's strategy aims to disclose information about its products "at the most suitable times to reach our broad customer base."
There have been hints that work on Nintendo's next console is progressing well, with a potential product launch in spring 2024. However, the actual timeline remains to be seen since Nintendo is not yet ready to discuss any specifics about a possible next-gen console. Nevertheless, the company has expressed its commitment to continually considering innovative ideas that could offer new and unique experiences to gamers.
In conclusion, with the likelihood of a shorter reveal-to-launch window for Nintendo's next console, fans are sure to be buzzing with excitement and anticipation. While specific details remain under wraps, the gaming community can trust that Nintendo will continue to push the boundaries of console gaming and provide immersive experiences that delight gamers worldwide. Keep your eyes peeled, as it's only a matter of time before Nintendo unveils its next masterpiece.


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Since ages, Honda India has been criticized for not having Diesel engines in its lineup. Well, the Japanese automaker wants to more than make up for the loss by making India its hub for manufacturing and exporting diesel engines. As the 2012 budget did not impose any tax on diesel powered cars, Honda is planning to establish a diesel plant in India.
What is the Plan?
The plan is split into 2 phases:
Phase 1: Honda’s R&D department has already started work on a new small capacity diesel engine. Honda’s diesel engines will be sold under the brand ‘EarthDreams’. However, Honda plans to take its own sweet time with these new engine with their debut scheduled in 2013.
Phase 2: Once the engines are ready, the Japanese automaker will establish a new plant in India to manufacturer these engines. Initial estimates suggests Honda is targeting volumes of 100,000 diesel cars, including exports. This will be the second facility producing Diesel engines for Honda.
What about the 1.6 Liter i-DTEC diesel engine unveiled at Geneva?
Honda will not downsize the 1.6L i-DTEC for Civic/Accord/CR-V in India because the low volumes do not justify the returns. Plus, this 1.6L will be restricted to the European markets because it is designed for a fuel with a lot less Suphur content. The new 1.4L and 1.5L engines are being developed with Indian diesel fuel in mind.
To achieve this goal, the Japanese automaker has appointed Hironori Kanayama as president & CEO of Honda Siel Cars India with effect from April, 2012. Kanayama has worked in crucial markets like China, Taiwan and Japan and will be quintessential is charting up the India plans.


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The price of bitcoin hit a two-month low over the weekend – and social media is alight with speculation about it.
While pundits don't quite agree on the circumstances behind the plunge (with some blaming reports of a widening manipulation crackdown, the hack of South Korean crypto exchange Coinrail or just some pre-week selling), what's clear is that the price move has acted as a kind of social thunderbolt for the community, spurring commentary from all sides.
Investor Alistair Milne ran a Twitter poll on Sunday soliciting input on what people thought sparked the dip – in perhaps a sign of the times, half of the roughly 3,700 respondents blamed "aliens" with 9 percent and 12 percent blaming the Coinrail hack and the CFTC subpoenas, respectively.
Why the dip?#bitcoin
— Alistair Milne (@alistairmilne) June 10, 2018
And as another observer pointed out, it's not just bitcoin that felt the heat this weekend – many of the world's largest cryptocurrencies by market capitalization saw downward price moves.
Richard Heart asked his followers on Sunday:
How is everyone's Sunday going? pic.twitter.com/t3kSTJusmL
— Richard Heart (no giveaways) (@RichardHeartWin) June 10, 2018
The efforts at levity amidst the market tumble were seen elsewhere. For example, investor-focused social network StockTwits tried to encapsulate what some traders are likely feeling – in gif form, that is.
Because Bitcoin $BTC.X is under $7,000https://t.co/qs8GmWtGMI pic.twitter.com/rso9bUebL4
— StockTwits (@StockTwits) June 11, 2018
And cryptocurrency reporter Joseph Young contrasted the viewpoints of an office worker on Monday eager for Friday to arrive with a crypto trader going through the price headwinds.
Monday at normal job: tired, can't wait till Friday.
Monday in crypto: life savings down 20%.
— Joseph Young (@iamjosephyoung) June 10, 2018
Not all those in the trader community are looking at the situation as an entirely negative one or a reason to remain bearish.
Indeed, some observers are still calling for the "moon" – even though this weekend's price moves may slow that process a bit.
Keep calm and relax... Are you bearish? I am not! The moon please :)#BTC #XRP pic.twitter.com/MWpPl5C11V
— Fabien Vernagallo (@fabvernagallo) June 10, 2018
And others, according to today's social media churn, are already looking toward greener pastures:
I have this support holding for a bit for #BTC #Bitcoin - but any rally in the coming week or two should be seen as a shorting opportunity.
I'll keep y'all updated
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Bitcoin Price Move Past $6.5K Would Boost Upside Potential
Against expectations, bitcoin (BTC) defended support at $6,000 over the weekend, opening the doors for a stronger corrective rally above $6,480.
Friday's drop below $6,240 (bear flag breakdown) had
XRP Cryptocurrency Now Down 90% From 2018 Price High
XRP, the world's third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday.
At 00:01 UTC, just after Monday's close, the cryptocurrency dropped to $0.27 cen
Bitcoin's Price Falls Below $6K to Near 2018 Low
The price of bitcoin fell below $6,000 on Tuesday, a move that brought the world's largest cryptocurrency within 2 percent of its 2018 low.
At press time, bitcoin is trading hands at $5,922, print
Korea's Jeju Island Seeks to Become ICO Hub Despite Domestic Ban
South Korea's Jeju island is seeking to become a free zone for initial coin offerings (ICOs) – a plan that, if approved, would allow crypto projects to conduct token sales in the self-governing provin
Square Expands Cash App Bitcoin Service to All 50 US States
Mobile payments firm Square now lets customers buy and sell bitcoins via its Cash App in all 50 U.S. states.
The company – which was co-founded by Twitter chief executive Jack Dorsey – announced th
Jamaica Stock Exchange to Trade Crypto Assets in 2018
The Jamaica Stock Exchange (JSE) will soon be offering cryptocurrencies as tradeable assets for clients.
The company said Tuesday that it had signed a memorandum of understanding (MoU) with blockch
Fantasy Football League to Raise $100 Million in Crypto ICO
A blockchain startup wants to raise nearly $100 million dollars to create a new form of fantasy football.
Called the Crown League, the project's owner told CoinDesk on Tuesday that it seeks to form
Goldman Sachs, JPMorgan Invest in Axoni's $32 Million Funding Round
Enterprise-focused blockchain startup Axoni has completed a $32 million Series B funding round led by Goldman Sachs and Nyca Partners.
Also participating in the round were Andreessen Horowitz, Citi


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A new Play Store requirement introduced by Google will call for Android apps to include a “readily discoverable option” to delete your account, both within the app and online.
The firm claims that the modification intends to provide users “greater clarity and control over their in-app data” in a blog post published on Wednesday.
Google is making sure that customers won’t have to redownload an app after removing it before asking for the deletion of their account by enforcing the restriction. It will apply to Android apps that allow you to create an account.
A field that directs users to the website for account termination will show up by the corporation to the Google Play Store.
The policy has a few limitations that developers should be aware of. Developers must remove users’ data along with their accounts unless they have “legitimate reasons” to maintain it, according to the regulation. It states expressly that allowing a user to temporarily deactivate or freeze their account won’t be sufficient to meet it. (That also includes any security or legal restrictions. Nevertheless, developers will have to be transparent about how they store user data.)
It won’t take effect right away. This is a significant update that might require some developers to put in some effort.
According to the business, the “first step” will call for developers to expand on their data destruction procedures by December 7th using Google’s current data safety form.
Developers will be able to request an extension until May 31st, 2024. Users will be able to see how an Android app manages account and data deletion “early next year.”
Google is not the first business to adopt these criteria. Apple announced a similar policy in October 2021, and it became effective in June 2022.
Similar conditions and requirements apply to the App Store rule. It does not specify that customers must also be able to terminate their accounts online.


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CBN Adamant on Crypto as Digital Payments System Hits $2 Billion
Despite guidelines for the issuance exchange and custody of digital assets by the Securities and Exchange Commission (SEC) as well as the recent plan by the Nigerian Stock Exchange to start a blockchain-enabled exchange platform in the country, the Central Bank of Nigeria (CBN) has insisted that crypto assets still have no place in the Nigerian economy.
It is as it has been said that the value of the country’s digital payment system has grown significantly from $324 billion in 2008 to $2.4 trillion currently. This was revealed by CBN Deputy Governor, Economic Policy, Kingsley Obiora during a virtual event hosted by the International Monetary Fund (IMF) over the weekend.
Obiora had noted that cryptocurrencies lack the scalability to become means of payment in the country.
Last week, the Managing Director of the Nigerian Stock Exchange, Temi Popoola, said the exchange was considering deploying blockchain technology in the settlement of capital market transactions as part of efforts to deepen trade. and to attract young investors to the market.
The move follows the introduction of regulations to guide digital asset trading by the Nigerian Securities and Exchange Commission, and growing interest in the adoption of distributed ledger technology by businesses and policymakers. policies across the continent, including in Kenya and South Africa.
Obiora, while answering questions from IMF Africa Director Abebe Aemro Selassie, said: “I don’t think cryptocurrencies will achieve the scalability and eventually settlement to become the dominant mode of payment in this part of the world. .”
According to him, cryptocurrencies are quite volatile and could cause disruption in the financial sector. “What we have done in Nigeria is say these cryptocurrencies are issued by a decentralized authority, people we don’t know completely and what we have done is say we don’t want them not yet in our financial system.
“Indeed, the volatility they create can become a source of instability for the system. And as you can see, many central banks are taking this position as well.
“I think the word currency being added to cryptocurrencies is a misnomer. Because I don’t think as it stands cryptocurrencies actually have the stability they need to function as a monetary unit of accounting, a mode of payment a means of settling transactions
“In terms of settlement finality, I think that’s a problem because in the cryptocurrency world, every user has to agree before a transaction is settled, and that’s not how transactions need to be done, make payments to get your property back,” he stressed.
Meanwhile, speaking on the Nigerian payment system, Obiora said, “Nigeria is building one of the best payment systems in the world as we speak.
“Even in digital payments, we have seen the value of our digital payments grow from around $324 billion in 2008 to around $2.4 trillion now, so Nigerians are already very used to digital payments.
“As you know, even within the continent, one of the biggest FinTech companies flutterwave and many others or Opay, Paystack stack join us every year.”
He also added that the Central Bank of Nigeria (CBN) has announced plans to introduce an Unstructured Supplementary Service Data (USSD) code to improve the adoption of its eNaira.
He noted that the introduction of the USSD code is crucial to improve financial inclusion in the country and to ensure that people without smartphones can still transact on the eNaira platform.
“We have made serious progress over the past seven to eight years because when the current governor took over in 2014, one of the pillars of his vision was to significantly improve financial inclusion,” the deputy said. – governor of the apex bank.
“So at the time, we were 48% of our population in the financial system and given several policies that he designed and implemented, we’re almost at 70%. That still leaves us around 30% of our population out of the financial system and we believe the CBDC can help reduce that number even further.
“A lot of people might not have a smartphone, but this is basically the next step in our improvement in the CBDC, to introduce the USSD code so those who don’t have a smartphone can still transact. Once we are able to introduce the USSD code, you don’t need a smartphone to join the eNaira platform, you can still join easily once you enter your BVN,” he said. -he declares.


text: As smartwatches and other wearables gain popularity, experts are warning of potential data security risks in workplaces.Some employees have begun connecting their personal smartwatches with corporate Wi-Fi networks, which could mimic the problems caused when personal smartphones started showing up at work several years ago. That earlier bring-your-own-device (BYOD) trend fostered an explosion of software products from various vendors for managing devices securely, alongside laptops and desktops.As wearables begin to flood the workplace, the risk to employers could begin to look like "BYOD on steroids," said Peter Gillespie, an attorney at Fisher Phillips, a national labor and employment law firm representing employers.Gillespie is concerned that as smartwatches are allowed to attach to emails -- or internal productivity software in some cases -- vital corporate and personal data could be lost, stolen or corrupted.The problem is only just emerging and few companies seem to understand the potential harms, Gillespie and others said."As of now, wearables and Internet of Things devices are not getting attached to employer networks and so it's not been viewed as a serious problem," Gillespie said in an interview. "But I do think employer IT and HR departments should be aware that the consumer rollout of wearables has not been designed with enterprise data security in mind."He's unaware of even a single example of a user of a personally owned wearable device creating a data security problem for a company, but added: "It's something we're looking at in terms of anticipating potential problems before they happen."Many smartwatches connect to data via a smartphone over Bluetooth, but some are being sold with cellular connectivity and can provide a user's GPS location and other data. If connected to a corporate directory and other corporate data, there's the potential, albeit small, that such data could be hacked. Or a user's health and fitness data could be hacked, depending on how a company configures its network security."It's very difficult to anticipate how creative folks can get about pulling off data and making use of it...and whether that turns into a problem," Gillespie added.Phil Hochmuth, an analyst at IDC, said enterprises recognize the use of personally owned wearables on corporate networks as a potential security issue. "They are looking for solutions to get ahead of it, although not on a large scale," he said.So far, typically only a handful of workers in a given company will use a wearable to gain access to email or customer relationship management tools like those available from Salesforce, Hochmuth said. "So far, it's not like businesses are deploying these kinds of wearables widely," he said.Hochmuth said the corporate risk associated with a consumer wearable inside an enterprise is similar to the BYOD smartphone risk. "They're both connected devices, likely owned by a worker, and in some cases can store a lot of data or sync with corporate apps that contain sensitive information," he said. "A device like an Apple Watch could be seen as a risk if the phone is corporate-owned but the watch isn't."Enterprise mobility management vendors like BlackBerry and others are creating software that applies specifically to wearables and require protections like passcodes. But so far, the productivity gains of using smartwatches and other wearables in the enterprise are still unproven; this has so far held back the security risk, Hochmuth noted.Aside from consumer devices like the Apple Watch being used at work, the bigger productivity opportunities for enterprises come from specialized and industrial-focused applications, like augmented reality glasses or wearable data-input devices or sensors. "In industries such as medical, oil and gas, or law enforcement, these specialized devices will interact with sensitive data and the devices will be strictly controlled and managed," he added. "Strong authentication and even geo-fencing are some of the approaches businesses are considering to secure these types of devices."Typically, such specialized wearable devices will be owned and under direct control of an organization, so a user doesn't take them home or have a chance to use them for personal tasks.Several EMM vendors offer tools that manage wearables along with other computers like laptops, although it isn't clear the EMM tools are being applied by employers to wearables in any significant way. BlackBerry, MobileIron, Citrix and AirWatch are among the vendors offering mobile device management tools that govern various devices, including some wearable devices.Such software could be used to both protect sensitive corporate data and data about individual workers -- including their health and whereabouts.So far, the biggest consumer wearable segment is the fitness band, popularized by Fitbit and others. The demand for smartwatches hasn't reached the expectations of two years ago, but most analysts still predict a rosy future for smartwatch sales, albeit at a slower pace.Despite some muted warnings by U.S. government officials to consumers about sharing their fitness data with vendors of wearable devices and others, one recent survey shows that consumers are less concerned about wearable privacy and security than they were two years ago.That online survey of 1,000 U.S. residents, conducted in March by PricewaterhouseCoopers International (PWC), said: "One might have thought that privacy would be the biggest hurdle facing wearable technology today. Not only is this not true, but concerns around privacy have actually lessened for...smartwatches and glasses."The PWC survey also found that 67% of consumers said their company should pay for their wearable, partly with the expectation that it could be used to increase workplace productivity. The report says 75 million wearables will permeate the workplace by 2020 and quotes Gartner that by 2018, some 2 million employees will be required to wear a health and fitness tracking device as a condition of employment."While the benefits of wearables in the workplace are indisputable, employee privacy can pose a challenge," PWC's report said. "Theoretically a company can track an employee's location, hours worked, breaks clocked and even steps taken. Personal time (such as late-night drinking for a friend's birthday) might well be monitored as part of the corporate wellness program. Conversely, employees who don't participate might be perceived as hiding something."The report added: "Companies could be subject to data breaches, given the content and magnitude of the data. Wearables have the potential to capture\/store more personal data than any other device that we've ever owned, including details about employees' every move, habits, interests, and health information."The PWC reported concluded that questions about wearable security and privacy have yet to be resolved. "As wearable technology becomes ubiquitous in the workplace, transparency and employee education will got a long way toward resolving these issues."


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The future Star Wars movies definitely aren’t affected by the dreaded Mystery Box as much as The Force Awakens was, as we’ll get a Rogue One comic mini-series in October.
ComicBook.com was at C2E2 this morning where Marvel made the announcement. There are no details on the comic yet, but it’ll be a three-issue mini-series followed by a fourth one-shot issue.
Trying to hide Rogue One in a Mystery Box makes zero sense. We already know it’s about the theft of Death Star plans (whether it’s Death Star I or the plans to Death Star II is up for debate), and it’s set in an era fans are getting very familiar with thanks to Star Wars Rebels. So this comic is likely just the tip of the iceberg for cool Rogue One stuff we’ll get prior to its December release.


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Insight Productions and Civilized have joined forces to develop diverse, new content for broadcast and digital platforms that champions and explores modern cannabis culture.
Effective immediately, the partnership will see Insight and Civilized develop multiple culture/lifestyle projects, including docu-series, cooking, science and business series, notes a statement issued by Civilized Worldwide, a digital media company and pioneering cannabis lifestyle brand with operations in both Canada and the U.S.
tap here to see other videos from our team.
Civilized names “canna-curious” word of the year
Civilized to acquire Toronto-based Business Of Cannabis
Celebrating the feminist cannabis experience in print
“The partnership provides an opportunity for Civilized to reach new audiences and continue its growth as a mainstream lifestyle brand and provides Insight Productions with a unique product in the global entertainment space,” the statement notes.
“Cannabis is a really hot space right now, and we’re happy to partner with one of the industry’s creative leaders as we take cannabis programming to the mainstream in new and exciting ways,” says John Brunton, chairman and CEO of Insight Productions, one of Canada’s leading producers, including being the creator of such programs as The Amazing Race Canada, Big Brother Canada and The JUNO Awards.
“As stigma fades, we’re seeing a surge of interest around cannabis—not only from those who consume it, but particularly from the masses of the canna-curious who want to learn more and see what’s behind the curtain,” comments Derek Riedle, publisher of Civilized.
“We’ve always believed that cannabis deserves a place in the mainstream, and this development deal is a tremendous step in that direction. We can’t wait for our fans to see what we have in store for them,” Riedle says.
“This is an exciting space for us to collaborate in with Civilized, and we’re looking forward to bringing some innovative content to the market together,” adds Tanya Low, Insight’s vice-president of development.
Low will oversee the creative on behalf of Insight, while Riedle will oversee creative direction for Civilized.
Want to keep up to date on what’s happening in the world of cannabis? Subscribe to the Cannabis Post newsletter for weekly insights into the industry, what insiders will be talking about and content from across the Postmedia Network.


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The leading tech company, Bosch announce the opening of one of the worlds most modern wafer fabs in Dresden, Germany. The new wafer fab is highly automated, fully connected machines and integrated processes, combined with methods of artificial intelligence (AI) which will make the Dresden plant a smart factory and a trailblazer in Industry 4.0.
- It is planned that 700 people will work in the facility once it is completed.
The new Bosch wafer fab will boost our capacity in microelectronics.
- Microelectronics is the basis for nearly every promising technology, for applications of artificial intelligence, for quantum computing, and for automated and connected driving which is also a Bosch specialty
The prominent deals and expansions by Bosch are mentioned below:
March 2021: To boost the production of chip, Bosch is investing in Dresden, Germany to build a new chip factory. In the new Bosch semiconductor factory, silicon wafers are fully automated for the first time. The production will start by the end of 2021.
May 2020: The leading technology company Bosch in fight against the corona virus, had started the production of respiratory masks. The company puts fully automated systems for mask production into operation.
January 2020, Bosch announced that it had increased its stake in Ceres Power from 3.9 percent to around 18 percent. To increase its stake, Bosch subscribes to new Ceres Power shares and acquires additional shares from existing shareholders. Bosch is investing a total of approximately $96 million.
November 2019, Bosch and xarvio Digital Farming Solutions from BASF expands collaboration in the area of digital solutions for agriculture. To this end, the companies had founded a project house in which they will in future also summarize the joint research and development activities.
Robert Bosch GmbH, headquartered in Gerlingen, Germany, is a global engineering, service and electronics company. The company manufactures electrical drives, generators, diesel systems, steering systems for automotive sector. The company has more than 400,000 employees worldwide. The companys activities are divided into the four business sectors Mobility Solutions, Industrial Technology, Consumer Goods and Energy and Building Technology across the world.


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China Construction Bank Rolls Out Blockchain Powered Refactoring Platform
The world’s second largest bank by assets, China Construction Bank (CCB), has officially unveiled its blockchain powered platform for refactoring.
CCB, which focuses on commercial factoring business, intends to boost operations and minimize vital threats in its refactoring operations, according to Chinese media outlet Sina Tech.
Factoring firms deal with third parties that purchase corporate invoices at a discount and fund businesses thereby relieving them of liquidity issues.
The development has come after the CCB rolled out its second version of blockchain based refactoring platform, christened BCTrade 2.0, in October.
The BCTrade 2.0 platform supposedly attained $50 billion in aggregate transaction volume. As per sources, CCB’s blockchain based financial dealings facilitating platform enabled domestic letters of credit, global factoring, forfeiting and refactoring.
By launching BCTrade, CCB, one of the “big four” banks in the country, has paved way for digitization of commerce and financial facilities between more than 54 overseas and domestic organizations, including several state-run and overseas banks.
CCB’s latest blockchain efforts have hogged the limelight along with a new report about Bank of China disbursing $2.80 billion in blockchain based unqiue financial bonds for small and micro-enterprises.
The funds raised through the issue will be particularly useful to disburse loans to China’s small and micro-sized enterprises to back their sustained economic development.
In the meantime, China’s central bank, intends to roll out a digital token that can compete with the US dollar.


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Wednesday, January 30, 2013
By Anil Jangid
Maruti Alto 800 launch in Algeria soon
Soon Maruti Alto 800 is going to win the hearts of Algerians as well just the same way it has become the heartthrob of the entry level segment. The small car has replaced Maruti 800 as well as Maruti Alto F8D and is a grand success in the country. It is this car that has helped Maruti India gain exceptionally well last quarter profits. Experts believe that the Hyundai Eon lookalike car Alto 800 has taken a front seat in terms of sales in the entry level car market in the country. The launch and success of this car has also proved that India is a market for Maruti cars and it is Maruti cars in India that can be the highest volume pullers. The Alto 800 price that starts at Rs 2.44 lakh has become a grand success in the country.
Small size, manageable size as well as affordable size and exceptionally well mileage have all helped the car in gaining some good numbers on the sales front. Now after the success in its homeland, the car is soon to set its foot in a new destination – Algeria. The car will be showcased in Algeria at the upcoming Algeria Motor Show to be held in March this year. The car was an instant success in India with more than 60k booking and deliveries in over two months time since its launch in October 2012.
It is believed that soon after the car is displayed at the show it will be launched there. The small yet spacious design with ample headroom and legroom inside will be the two plus points for this car that will give it an instant push in the new market as well. The 48 bhp power car has become the first choice of those aspiring for a small car as their first car.
See More Maruti Alto 800 Pictures


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Health, race, unions and Wal-Mart
A new study reveals
that health disparities between black and white people in Chicago is increasing. A number of explanations are possible, including this one, offered by, Steve Whitman, director of the Sinai Urban Health Institute, which did the study:
"The underlying issue here is racism and poverty," Whitman said. "In
Chicago, it's exacerbated by segregation. Black people in Chicago are
forced to live in neighborhoods where there are no stores to buy fresh
fruits and vegetables, where schools are failing, where they don't have
parks to exercise in and where they tend to go to segregated health
facilities that are poorly funded and, in different ways, failing."
Need I remind the unions that are fighting tooth and nail against a second Wal-Mart store in Chicago that the chain sells groceries at competitive prices. So, there's another result of your self-centered resistance to beneficial change.


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Doosan Robotics, the South Korean-based cobot manufacturer founded in 2015, will open its first headquarters in the United States by the end of 2019. Located in Buford, Georgia, the US headquarters will lead sales, marketing, training, and service for customers in the Americas.
Doosan launched its first-generation M Series cobots in 2018. Doosan’s M Series includes the M0609, M1509, M1013, and M0617 cobots that offer reaches between 900-1,700 millimeters (35.4 to 66.9 inches) and payload capacities of 6-15 kg (13.2 to 33.1 pounds). The four M Series cobots are equipped with six torque sensors in every joint.
The M Series launched in the US in April 2019 during Automate. Doosan has reached distribution and support agreements with multiple dealers in the U.S., including RG Group, The Tool House and Ellison Technologies, with plans to further expand its distribution network.
Here’s comparison chart for more details about the M Series cobots:
|Name||DOF||Payload (kg)||Reach (m)||Repeatability|
“We are excited to announce our commitment in the U.S. market with the expansion of our sales network and establishment of the first U.S. office in Georgia,” said Byungseo Lee, CEO of Doosan Robotics. “Now the largest market worldwide, the U.S. market is expected to grow by 48 percent annually until 20231. We will continue to provide products and services that meet the automation demands in the U.S.” He added, “We have also set our foot in Canada and Mexico with established partnership and will also expand to South America by 2020.”
In late September, the M Series launched in China after Doosan Robotics signed Linkhou, a Suzhou-based distributor that specializes in providing core components and parts to the smart manufacturing and industry automation sector.
According to ABI Research, the cobot market will see sales increase nearly 50% by 2025. Doosan Robotics’ parent company, Doosan Group, is one of the oldest and biggest companies in South Korea, specializing in machinery, plant engineering and component materials. Founded in 1896, Doosan Group has 36 subsidiaries worldwide and generated USD 16 billion in revenues in 2018.
The International Federation of Robotics (IFR) recently released its annual World Robotics Report. For the first time, the report tracked the number of collaborative robots sold worldwide. According to the IFR, less than 14,000 cobots were sold in 2018, accounting for 3.24% of total industrial robot sales. However, the 2018 numbers are an increase of 23% from the 11,000 cobots that were sold in 2017.


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Mumbai: In a bizarre incident, a student from Punjab University has purchased an Apple iPhone 5s Gold from Snapdeal at just Rs 68 (99.7 per cent discount). An error on part of the retailer was the reason behind the unbelievably low selling price of the device.
Nikhil Bansal, a B.Tech student at Punjab University, was casually browsing Snapdeal’s website when he suddenly came across the “profitable” deal. Bansal, excited by the offer, went ahead with the deal on February 12. However, he never got any reply from the Indian e-commerce’s side regarding the deal.
After waiting for a few days, he realised that it might have been a technical glitch or an error on the website. Consequently, he decided to take Snapdeal to court. According to media reports, Bansal filed a consumer court complaint in Punjab’s Sangrur district.
Bansal pointed out to the court that Snapdeal did not make the delivery even after he placed the order and asked for an impartial decision. Not only did the court order Snapdeal to sell the smartphone to Bansal at the aforementioned price, but also asked the e-commerce company to pay a fine of Rs 2,000.
When the company tried to retaliate by filing their appeal in another consumer forum, Snapdeal was again on the receiving end. This time the other court ordered them to pay Rs 10,000 as fine for failing to deliver the phone at the promised price.
Earlier, there have been incidents where consumers have got bricks and empty boxes in place of a smartphone or any other device. This incident should be a lesson to all e-commerce websites and they should be inspect all the listed products properly....


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RestCloud that streamlines the food ordering flow between online ordering services and restaurants and OpenRest LLC. OpenRest.com, the world leaders in white label portal and mobile ordering apps, have jointly announced the successful integration and live launch of the RestCloud network and multi-purpose terminal for restaurants. Earlier this week, the two companies successfully debuted the system in Tel Aviv with select restaurants from Israel’s biggest online food ordering portal, food.co.il powered by OpenRest.
This joint launch signals a significant change in the distribution of orders within the multi-billion per year online food ordering industry. To date, restaurants who participate in online ordering have struggled with the order flow from customers to restaurants and back to customers due to the lack of available technology suitable for restaurants. OpenRest VP of Business Development says,“Teaming with RestCloud was a no brainer their terminal is a magic bullet that increases efficiencies and communication. It fits our M.O. of running the smartest available technology for our hundreds of white label restaurant clients and global portal partners”. Now with a programmable two-way channel that has both tablet functionality, printing capability and works wirelessly, online ordering will be, in the words of RestCloud CEO, Yehuda Alon,“a fully integrated experience for the customers and the restaurants”. Rogers agrees, adding,“a standalone terminal that is truly open to all technologies can be the disruptive device that launches the long-delayed technology age for restaurants”.
RestCloud (RestCloud.net), headquartered in Ireland, was recently acquired by Interfax to strengthen Interfax’s ability to provide the best-in-class communication channels for restaurants. Interfax is currently the biggest provider of fax services to the major online ordering portals in Europe and the States, including Eat24.com and Food.co.il/.
As well, Interfax is the proven provider of Internet fax services for SMBs and enterprises, with over 100,000 subscribers in some 160 countries worldwide. RestCloud has offices is the U.S., Ireland and Israel.
OpenRest (openrest.com), a U.S./ Israeli based company, is a global leader in online ordering, offering the world’s only fully integrated white label portal and white label restaurant apps suite. OpenRest powers online ordering for restaurants and portals in Europe, North America and Asia and offers has released hundreds of white-label apps to date.
For more information contact Shiri Shorer - E: shiri.shorer[.]interfax.net.


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It seems that sibling rivalry has been beneficial for the Musk brothers.
Elon - whose become one of the world’s most prominent innovators - has been likened to a real life ‘Tony Stark’, and as the leading figure at Space X and Tesla, it’s easy to see why.
He is, however, not the only member of the Musk household who’s trying to have an impact on society. His younger brother - Kimbal - also has similar ambitions, even if his ideas are somewhat more understated than his brother’s.
The brothers followed the same path in their twenties, and made a lot of money in a short period of time. By the time Kimbal was 25, he’d already sold one of his software businesses for $300 million. PayPal followed soon after, netting the brothers a combined billion dollars in profit. Unlike his brother, however, Kimbal chose to turn his back on the tech scene in favour of his passion, the restaurant business.
Having been part of the Silicon Valley scene for almost all his life, the transition to become a restauranteur was fraught with challenges. As demonstrated in an interview on CNN, Kimbal was ‘totally humbled by how hard it is to create a product every day that needs to be made from scratch’. But coupled with Hugo Matheson - his business partner - he’s been able to build a successful restaurant business.
’The Kitchen Community’ represents one of Kimbal’s most precious ventures. Its website claims that it impacts 100,000 children per day, with ‘learning gardens’ being set up around the country. Acting as outdoor classrooms, it gives children the chance to learn how to cook healthy food and eat healthily on a regular basis.
America’s obesity problems have escalated, and now 75% of men over 25 are either overweight or obese. ‘The Kitchen Community’ has been touted as a way of encouraging the youth to stay healthy, and with the program now being rolled out in Colorado and LA, it’s now becoming available nationwide.
The program’s main objective is to ‘change the national food culture’. This might not sound as exciting as his brother’s ‘Space X’ venture - Elon’s fairly sure that he’ll be able to send people to Mars in 12 years time - but it could ultimately be more valuable to everyday people.
The comparisons between the Musk brothers don’t just come from their parentage. They truly want to impact society - and although they are going about it in different ways - their goals are fundamentally similar.


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As the economy shows signs of improvement, a massive surge is being experienced in the sale of used cars all over the United States prominently in Albany and.
Car dealers and financial institutions say that prospective buyers of used cars for sale are showing up and their sales are increasing heralding an improving economy.
The number of buyers at the WALB Year End Used Car Blow Out Sale has increased three folds as compared to previous years. At the WALB sale, 500 used cars are set for sale in a single location by ten dealers across Albany.
Not only is there an increase in the number of used car sales, but also higher quality, expensive and new cars are also attracting buyers.
With the increase in the sale of used cars, banks as well as Credit Unions have noticed an increase in the auto financing across the country.


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This Prime Day, eBay will take on its main competitor with a “crash” sale designed to poke fun at and poach customers from rival Amazon.
EBay (EBAY) promises a special set of deals that will release only if Amazon’s (AMZN) website goes down. (Amazon’s (AMZN) website crashed at the beginning of Prime Day in 2018.)
EBay will offer Prime Day deals no matter what, in addition to the special deals that woiuld only get offered if Amazon crashes. The sure-thing deals will include sales on LG, Apple, Samsung and KitchenAid products.
“For consumers I would hope that maybe they can cross their fingers and help that sense of energy to make it happen or go their site, crash it and then come to eBay when it does because we are going to be there with awesome stuff,” said Bradford Shellhammer, Vice President, Buyer Engagement at eBay.
A new eBay ad features a teenager named Alexa calling Prime Day “a holiday Amazon totally made-up” and saying Amazon just wants to sell random stuff, “probably just trying to clear room in its warehouse.”
Shellhammer says eBay’s crash sale will feature its premium brands, and the company is emphasizing you don’t need a membership to get access to the deals — another veiled jab at Amazon’s Prime membership program.
Amazon launched Prime Day in 2015 as an annual summer sales day targeting Prime members. The ecommerce giant is expanding the deals over two days this year.
Competitors like eBay are jumping on board what Shellhammer called “the new black Friday, ” which the company says was one of its best sales day last year. The new “crash” campaign is part of that.
EBay is America’s second largest e-commerce company ranked by sales, according emarketer. But it remains a David to Amazon’s Goliath, with revenue of $10.7 billion in 2018, less than 5% of Amazon’s total. The site has stores operated by big brands as well as lots of smaller sellers, part of the peer-to-peer marketplace eBay was original built on.
Unlike Amazon, eBay doesn’t sell its own products on the site, something Shelhammer was happy to mention.
“We don’t compete with our sellers and brands on our platform,” he said.
EBay’s anti-Amazon marketing campaign comes at a time when Amazon is facing criticism on multiple fronts — from antitrust concerns to workers’ rights.
Shellhammer denies eBay is trying to capitalize on this negative momentum.
“We are having some fun,” he said. “It’s just a way of putting ourselves in the conversation.”


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After more than a year of bad luck and delay, the Seminole Tribe hopes to open its first hi-tech business venture.
A storefront in the Seminole Plaza is being converted into the new home for Seminole Electronics, which will build electronic circuit boards for bigger firms to use in their products. Tribe administrators said the business is a pilot project to create a new industry and jobs for tribe members.
The electronics venture had hoped to open in late 1984, but the contractor who agreed to supply management services went bankrupt, said Tribal Business Manager Erni Hirsch. Seminole Electronics got sidetracked when Pocon Electronics declared bankruptcy and its owner fled to Canada in early 1985, she said.
The business is expected to provide about 12 new jobs for tribe members at the start and grow as the company develops, she said. The entry into the electronics field was an effort to take advantage of government programs to promote minority contractors, Hirsch said.
"We figured to use our minority status to a competitive advantage," Hirsch said. "We asked people at Patrick Air Force Base and McDonnell-Douglas what sorts of products they needed that minority companies don't produce. They said they needed circuit boards, wire wrapping and other detailed work."
State and federal policies to stimulate minority business require companies with big government contracts to "set-aside" some subcontracting work for companies owned by, or employing, minorities.
Hirsch said tribe members have a keen sense of hand-eye coordination for detail work because of experience threading beads and sewing intricate patterns. The workers got their electronic training from people working in the industry and classes at the Northeast Adult Vocational Center.
The Seminoles got a $180,000 grant from the federal Administration for Native Americans to help get the business started. The grant agreement called for the tribe to provide the business with a suitable facility. They chose to outfit the space in the Seminole Plaza.
George Johnson, director of realty services for the tribe, said the business is wholly owned by the tribe. A Pompano Beach firm has signed a contract to supply management and guidance in marketing the services of Seminole Electronics.
"This is primarily service-oriented," Johnson said. "We'll be mainly doing assembly for small corporations and projects. It could include circuit boards for a wiring harness from General Motors to a coffee percolator for an airplane."
The workers will make up a labor pool for whenever projects come in, Johnson said. He expects to begin operation within a month and add more workers quickly.
"There's a mini-Silicon Valley growing up around Broward County," Johnson said. "We trained our people in general assembly and they can be retrained for specific projects whenever it's needed."


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President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
"As the price of the Comcast Offer is materially superior, it is in the best interests of all Sky shareholders to accept the Comcast Offer," the company said.
"Accordingly, the Independent Committee unanimously recommends that Sky shareholders accept the Comcast Offer, and in order to ensure the successful closing of the Comcast Offer, and given the possibility of a delisting of Sky in the near future, urges shareholders to accept immediately."
Now it's down to Sky's board and shareholders to accept either offer by Oct. 11.
Comcast has to secure 50 percent acceptance for the deal to go through. Since Fox already owns 39 percent of Sky, it means Comcast is looking for 50 percent of the remaining 61 percent acceptance — so that's more than 80 percent acceptance of the board.
Shares in Sky jumped 9 percent to £17.22 in early trade on Monday, just below the 17.28 pounds a share bid by Comcast bid.
Comcast outflanked rival Twenty-First Century Fox with its $40 billion takeover offer on Saturday in a rare three-round auction that pitted two of America's largest media companies against one another.
The U.S. cable giant, which owns CNBC parent NBCUniversal, outbid its rival by $3.6 billion, offering £17.28 (more than $22 per share, according to current exchange rates). Rupert Murdoch's Fox offered £15.67 (more than $20) per Sky share, according to an official statement from Britain's Takeover Panel.
"The Comcast offer price of £17.28 represents an excellent outcome for independent Sky shareholders," the company said in its statement, adding that among other things it provides a premium of 125 percent to Sky's closing price of £7.69 as of December 2016.
"We consider the Comcast Offer to be an excellent outcome for Sky shareholders, and we are recommending it as it represents materially superior value. We are focused on drawing this process to a successful and swift close and therefore urge shareholders to accept the recommended Comcast Offer," Martin Gilbert, chairman of the Independent Committee of Sky, said in a statement over the weekend.
Now that Comcast has trumped Fox and Disney, attention is turning to the other 39 percent — as well as streaming platform Hulu.
Comcast is also willing to discuss selling its 30 percent stake in Hulu to Disney, according to a person familiar with the matter.
The streaming service is currently split between four owners: Comcast, Disney and Fox each own 30 percent, while AT&T owns 10 percent through its acquisition of Time Warner. Fox is selling Disney its 30 percent stake in Hulu as part of the larger $71.3 billion deal, giving Disney's Iger a 60 percent ownership stake in the online streaming service.
It's unclear when these discussions will begin. While Disney expects to close on its Fox deal in 2019, talks to sell the Hulu and Sky stakes could start at any time.
The final outcome follows a protracted bidding battle between Comcast and Fox over the coveted overseas competitor. The blind auction format was a highly unusual one for a deal as closely watched as the Sky acquisition. Takeover auctions are normally reserved for commercial transactions. In such auctions, bidders submit sealed offers to a third-party arbiter.
On Saturday, Comcast Chairman and CEO Brian L. Roberts applauded the decision and said the acquisition will allow Comcast to "quickly, efficiently and meaningfully increase customer base and expand internationally."
"Attention now quickly turns to integration with minimal impact on the business. However, you have to expect some cost-cutting measures," Paolo Pescatore, an independent tech, media and telecoms analyst, told CNBC via email on Saturday.
"There are significant growth opportunities in Europe. The combined entity will be a considerable force," Pescatore said.
"Sky and its customers will benefit from being part of the wider group, access to more services, products and features, financial security to some extent to bid for key costly premium content rights — in particular sports which is arguably the company's prized asset with the Premier League."
Fox, which itself is set to be bought by Disney for $71.3 billion, has gone back and forth with Comcast, each time upping its bids for the U.K.'s Sky several times.
Disney's acquisition of Fox would have given the entertainment titan all of Fox's entertainment assets — which include a 39 percent stake in Sky.
- CNBC's Alex Sherman contributed to this report.
Correction: This report has been updated to indicate that Sky's Independent Committee has recommended to shareholders that they accept the offer from Comcast.
— Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.


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STAMFORD, Conn. — Leonor Chute would make a great poster child for Ben Franklin's ad-age "A penny saved is a penny earned."
"Why leave the lights on, why let the water run, why use paper towels when you can use a regular towel," says the Norwalk, Conn., resident whose prudent ways are ingrained in her daily routine.
Peruvian-born Chute says her money-saving strategies allow her to channel funds toward the fun things in life, such as dining out with friends.
"In a Third World country, you don't have luxuries and disposable things," she says, recalling a man she encountered years ago in a small Peruvian village where water was scarce. "This skinny and undernourished man was carrying gallons of water on a pole on his shoulder. I always think of that little man when the water is running." Thriftiness, once a key component of the Puritan work ethic, has given way to superfluous spending, massive credit-card debt and mounting personal bankruptcies. While those caught in the net of overspending might consider people like Chute frugal, these economy-minded individuals deem themselves wise spenders and are proud of it.
Arline Morrissey, a senior from Rowayton, Conn., is a frequent New York City opera- and playgoer thanks to her keen eye for bargains.
"I just hate to spend money I don't need to," says Morrissey, who purchases unsold New York City Opera orchestra and balcony seats discounted for seniors (62 and older) at $15. Easily done, she explains, by stopping off at Lincoln Center's New York State Theatre box office just before curtain time. "I have never gone when I wasn't able to get a ticket," says Morrissey, who usually attends the Sunday matinee.
And while Metropolitan Opera tickets are more in demand and pricier, Morrissey procures relatively inexpensive limited view box seats near the stage for $40 to $60 each. Far better, she says, than the approximate $250 cost for an orchestra seat at the same performance.
This year, she and husband Bill enjoyed "Aida," "Madame Butterfly" and a Wagner opera in limited view seats where everything, except a corner of the stage, was well within sight.
"It's a way to go to the Met and not spend a fortune," she says, adding that these seats must be purchased in person. "You can't always get them, but it's worth a try."
Her brother, Richard Krois, also has his eye out for buys. By researching cars and prices on the Internet and visiting various dealers, the Riverside, Conn., resident recently purchased a 2004 Toyota Highlander at a good price from a local dealer. His timing was excellent, since 2005 models were coming out soon.
"I'm cautious whether I'm buying a car or making a small purchase," says Krois, who attributes his cost consciousness to thrifty parents. "Growing up, we didn't have a lot of money and my parents would use [grocery discount] coupons."
While many things are beyond our control, he says, wise shopping is within everyone's reach.
"People like to think they're getting a deal when they're making a purchase," says Julie G. Bandy, assistant managing editor at the personal finance Web site, www.bankrate.com.
"Frugal U," one of the newsletters published by the site, provides money-saving advice in matters such as pet care, gardening and organic vegetable purchases.
The Web site runs a monthly cost-cutting tips contest, attracting 800 to 1,200 submissions. Among the suggestions, Bandy cites video loans from libraries, book swaps with friends, buying in bulk and seeking advice from a pet shop owner when Fido is sick rather than paying the vet.
By cutting corners, she says, people spend less on necessities so there's enough for vacations or saving for the kids' college education.
In Peru, thriftiness came with the territory, Chute says. "You didn't think of it, it was just the way it was." Before plastic bags became commonplace, shopkeepers wrapped everything in brown or white paper tied with string. Stacks of paper and string were always plentiful in her home. "Funny part is when I came to the States, I still saved string," says the part-time secretary. "When people at the office needed some, they knew where to go."
An early start
Arline Morrissey's prudent ways began early in life too. "I had to watch my pennies all the time," she says, acknowledging that she's passed her cost-cutting ways on to her progeny.
"I walk into a store and find the clearance rack," she says. "My daughter does it too. She grew up with it. We hate to pay full price for anything." When Christmas rolls around, Morrissey has no problem picking out gifts. "I have a closetful of stuff," she says.
"I can't resist a really good bargain. In one place, I bought 50 candles for $4, still in their original cellophane. I figure someone can use them."


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CJ, a leading food company in South Korea, is expanding its Tous Les Jours bakery network in Vietnam, where it opened the first eatery in 2007.
According to Nam Young Hyun, general director of CJ Bakery Vietnam, his company has plans to develop its franchise chain nationwide to about 200 Tous Les Jours eateries.
|The 4th Tous Les Jours bakery in HCM City, at 187 Nguyen Thi Minh Khai St., District 3, opened last week (Photo: Tuong Thuy)|
Tous Les Jours in French means every day, and the name expresses the bakery’s commitment to making fresh bread every day. Modern in style, Tous Les Jours offers a wide selection of breads, sandwiches and drinks.
CJ opened its fourth Tous Les Jours shop in Ho Chi Minh City last week. The Korean company will open two more eateries here this year, according to Nam Young Hyun.
The first Tous Les Jours bakery opened in the city in mid-June, 2007
Nam said he expected the first Tous Les Jours eatery in Hanoi would open in the third quarter of next year, and then more shops would be set up in other cities.
CJ currently has Tous Les Jours bakeries in Korea, China and the US.


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In a very Canadian affair, Apple took to the stage at its developer’s conference to announce what’s new in its software platforms. Along the way, Canadian artists Drake, Weeknd, and even Poutine would make an appearance at the announcements. Along the way, the event would start with some really funny and end with music. Here are the 8 most important things about WDDC 2015 (to me, anyway).
#1 – An OS Update (not upgrade)
The 10.11 version of OS X, dubbed El Capitan is usually a big deal, but this time around wasn’t the big splash like Yosemite was. Apps are being updated to align with iOS 9 (like notes). New is an interesting split view (Windows 8 does that!). Mission Control is also going to get a newer interface. Safari will include a feature that allows you to pin sites to the interface (something Chrome included a long time ago). El Capitan should be released this fall.
#2 – Siri gets an upgrade
Catching up with Google’s Now, Siri is getting more contextual. The “Proactive Assistant” means to learn more about your use of the device. The automatic nature of these tools are incredibly useful, but may also be incredibly intrusive (if actions taken are based on incomplete information). For Siri to be more useful, this technology needs to know us better, so this is a step in the right direction. I’m still not sold on the usefulness of this tool for reliable use, but it’s clear Apple loves it.
#3 – iOS 9 is coming
In another update, Apple will release a new version of iOS that includes some key changes. Notes will be updated (presumably in line with OS X) to include features such as drawing. Passbook will now be called wallet (not to be confused with Google Wallet). The new “Low Power Mode” seems like a curious move on Apple’s part. They’re simultaneously admitting power issues while helping them with this new model. The question will be if this is a setting or another app. iOS 9 should be available in the fall for iPhone 4S and newer devices.
#4 – Apple Pay Expands to the UK
I really was hoping for a Canadian announcement here given all of the northern references. But, expanding to the UK is a good step for Apple Pay. Apple appears very committed to the payment service, so this is all great news. I sense Canada may have actually been the plan, but was pulled out at the last minute.
#5 – Apple attacks news (again)
Moving past NewsStand , Apple is releasing News, a new way to read the news. So far, there is no release date, but it should be available in the US. Reminiscent of Facebook’s recent foray into news, Apple appears interested in controlling and curating news content the same way. It looks beautiful, but will probably only appeal to those who don’t know what RSS is.
#6 – Apple Watch gets another update
Not entirely unexpected, the watch continues to be refined software-wise. Many (like me) are looking to the next iteration to see a more compelling product.
#7 – Apple Music
The big announcement of the night, Apple will release a music streaming service called Apple Music. They’re really attacking every sort of music service with this offering. The Spotify-Like Music service will have curated playlists. The radio station Beats 1 will be available worldwide. It’s not clear what this will cost or how it compares to other services, so we’ll have to see this in action to know better if we’ll like it. Apple Music will be available on June 30 in over 100 countries. Perhaps even more surprisingly, it will appear on Android in the fall. Will this look like iTunes on Windows?
#8 – Swift Goes Open Source
A big play to the crowd, Apple’s programming language Swift will be made open source by the end of the year. This should further remove barriers in iOS programming, such as they are. I have not done anything with the language yet, but I plan to give it a try.
A special mention has to go to the online streaming of this event. Every year, Apple improves this service, and this year saw many improvements for those of us who cover the process. They did a great job of highlighting the keynotes and offering useful visual elements.
Overall, I wasn’t blown away by these announcements, but this is often on par with what Apple does. There’s a healthy dose of catchup with other companies mixed with a smattering of new stuff. Apple continues to be hamstrung by country restrictions.


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“Answers” app gives Walgreens fans convenient access to vault of expert health care information
(Atlanta, GA – March 20, 2011) – Sharecare, an expert question and answer online platform addressing health topics, and Walgreens (NYSE: WAG) (NASDAQ: WAG), the nation’s largest drugstore chain, announce the launch of a new “Answers” application providing access to the largest searchable drug, supplement and wellness database on Facebook today. The application, which is integrated into Walgreens Facebook page, gives Walgreens followers convenient access to a first-of-its-kind interactive portal containing valuable health information and resources.
Answers instantly connects Walgreens network of nearly 2 million Facebook fans with Sharecare’s trusted experts, tools and health care resources to help people better manage their health and stay well.
“With the success of our online health initiatives, such as the ability to chat live with a Walgreens pharmacist 24/7, this is yet another example of our commitment to innovation in the digital space that gives people greater access to Walgreens pharmacists and other clinical experts,” said Sona Chawla, Walgreens president of E-commerce. “Our relationship with Sharecare further extends our Answers promise beyond Walgreens retail locations, providing important health care information to customers online, through mobile applications and social media.”
In addition to existing applications on the Walgreens Facebook page offering health advice and cost-saving tips, the Answers section provides seamless integration to Sharecare.com content for Walgreens followers. Answers features information related to a broad range of health topics, including prescription drugs, disease symptoms, at-home remedies, over-the-counter recommendations and much more.
“We are excited to work with Walgreens in developing new ways for consumers to access reliable online health information and tools and specifically establishing the largest drug, supplement and wellness database currently available on Facebook,” said Dawn Whaley, President of Sharecare. “The Answers application enables us to expand access to Sharecare.com and our trusted health experts sharing their expertise on our platform, providing customers, patients and their families even easier and faster access to a variety of their healthcare needs and interests.”
As part of its relationship with Sharecare, Walgreens pharmacists provide answers to thousands of frequently-asked health questions. Sharecare has currently aggregated hundreds of thousands of the most common consumer health questions with answers provided by the nation’s leading health care professionals and organizations in its portal.
To join the Walgreens Facebook page and gain access to Answers through Sharecare, visit: http://www.facebook.com/Walgreens.
As the nation's largest drugstore chain with fiscal 2011 sales of $72 billion, Walgreens (www.walgreens.com) vision is to become America’s first choice for health and daily living. Each day, Walgreens provides nearly 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. The company operates 7,840 drugstores in all 50 states, the District of Columbia and Puerto Rico. Take Care Health Systems is a Walgreens subsidiary that is the largest and most comprehensive manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the country.


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Samsung buys Nvelo, developer of SSD caching software Dataplex
Big news in the SSD market today as Nvelo, developer of the SSD caching software Dataplex has announced that it has been bought by Samsung. Dataplex software is bundled with SSDs of Corsair and OCZ and competes with Intel’s Smart Reponse Technology. With the purchase of Nvelo, Samsung gets both the technology as the development team of Nvelo.
The amount of money involved with the transaction is not disclosed and it’s also unknown if Nvelo will continue to provide their software to other companies or that the software will now become exclusive to Samsung SSDs.
SSD caching software speeds up the system by storing frequently used files on systems that have a small SSD and a larger HDD. By storing the frequently used files on the SSD, the system gets a speed boost as SSDs are faster than HDDs. This technology is used to try to combine the benefit of the speed of SSDs while not increasing the prices too much, as SSDs are more expensive per GB than HDDs.
Dataplex is mainly competing with Intel’s SSD caching softare, Smart Responsive Technology, but has the benefit that it also supports AMD chipsets. The only independent developer of SSD caching software now seems to be Elitebytes with their VeloSSD software.
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On Monday night, he shared a paparazzi photo of Kanye West dressed in head-to-toe Yeezy -- an over-sized dark grey T-shirt layered over a lighter grey long-sleeved shirt, baggy beige pants and beige Yeezy kicks -- at what appeared to be a gas station.
On September 11, 2007, 50 released his third studio album, "Curtis." The same day, Kanye dropped his third studio album, "Graduation."
At the time, Kanye made it seem like his album release coinciding with 50's album release was pure coincidence (Island Def Jam kept pushing back the date), adding that he felt it could only be positive for both rappers.
"When I heard that thing about the debate, I thought that was the stupidest thing," Ye said. "When my album drops and 50's album drops, everybody wins because you're gonna get a lot of good music at the same time."
Then-Def Jam president and CEO Jay-Z reportedly welcomed the competition, too, saying it would be prosperous for hip-hop music overall.
Though confident that "Graduation" would emerge victorious, Kanye said he'd be perfectly fine with losing to 50 Cent, saying he'd rather "be No. 2 on that day than come out and be No. 1 on a day nobody cares about."
50, however, felt the friendly competition favored only one rapper.
"It's great marketing -- for Kanye West," he told USA Today. "But I sell way more records than Kanye West, and I generate way more interest than Kanye West. They think they can match us up, but they'll find out when that week goes by and the sales come back. This is no rivalry."
He went on to tell Rolling Stone, "Mine will sell, and his will still be on the shelf."
"Graduation" debuted at No. 1 on the U.S. Billboard 200 chart, selling over 957,000 copies in its first week of sales and 2.7 million copies to date. "Curtis" debuted at No. 2 on the U.S. Billboard 200 chart, selling 691,000 copies in its first week of sales and 1.3 million copies to date.
One month before both albums dropped, 50 told SOHH he would end his career as a solo recording artist if "Graduation" were to sell more copies than "Curtis." He later retracted his statement, citing contract agreements with Aftermath Entertainment and Interscope Records.


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Growing town set to get supermarket, bakery, cafe
DEVELOPERS have unveiled plans for a shopping centre in a town south of Toowoomba.
Eromanga Earthmoving No 4 Pty Ltd have submitted plans with Toowoomba Regional Council for a shopping centre in Cambooya.
The development is proposed to include a small supermarket or convenience store, bakery, café or takeaway and a hairdresser.
The centre will be built on a 3,500sq m block of land at Harrow St South.
There will also be secondary frontages to Ridge Dr and Bishop St.
The centre will extend over an area of 403.56sq m and include onsite 15 car parks.
It will be built as part of the Cambooya Ridge Estate, of which one stage has already opened with about 45 house sites and a commercial site.
Stage two is now titled and is ready to build.
According to Colliers, over 70 lots have already been sold from the 113 available.
An economic impact and need assessment predicts first year sales of $2.9 million for the proposed shops, and this also represents the likely impact on existing centres and shops in 2018.
The Cambooya Store and Newsagency on Eton St are likely to compete directly for sales in the trade area.
A café or takeaway shop may compete to some extent with the Bull and Barley Inn.
Does Cambooya need a supermarket?
This poll ended on 03 November 2016.
This is not a scientific poll. The results reflect only the opinions of those who chose to participate.
The report states there is no bakery or hairdressing shop in the trade area and these would not compete locally.
It states the proposed shops are unlikely to materially impact upon the small shops in or near the Cambooya Rural trade area as these serve highly localised markets.
The $2.9 million in sales at June 2018 is likely to be generated overwhelmingly through the retention of trade that would otherwise have gone to Toowoomba.
The township's population is forecast to double between 2011 and 2022, largely due to the on-going development at the new estate.


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AST Adds Chain Link: AST Research Inc., an Irvine computer maker, said it will begin selling its Advantage! line of desktop computers through BJ's Wholesale Club stores on the East Coast.
The announcement marks AST's first entry into the warehouse club retail market. The Advantage! line, geared toward the small business and home computer markets, will be sold in 30 BJ's Wholesale Club locations, the company said.
Sales of computers by warehouse chains have become popular as consumers have begun to put more emphasis on low prices than in technical support, the company said.
BJ's Wholesale Club, the East Coast version of Price Club, joins Circuit City, Computer City and the Army and Air Force Exchange Service in selling the AST systems.


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What you need to know
- TikTok owner ByteDance released the Jianguo Pro 3 smartphone in China.
- The device will be released under the Smartisan brand.
- Swipe up from the lock screen to launch the Chinese version of TikTok.
Video sharing service, and enigma to older techies, TikTok is going to be featured on a new smartphone launched by its parent company, ByteDance. After an acquihire of some patents and talent from the Smartisan phone brand, ByteDance will be launching the Smartisan Jianguo Pro 3 in China for ¥2899.
The phone had apparently been in development before the deal was made with ByteDance, and the latter company's involvement led to including a shortcut for TikTok users to swipe up from the lock screen to quickly jump into TikTok, or rather Douyin, which is the version of TikTok that ByteDance offers in China. There doesn't seem to be any more meddling from the TikTok folks in this device beyond that simple shortcut.
The phone features a litany of high-end specs, including the latest Qualcomm Snapdragon 855+ processor, a 4,000 mAh battery, and five cameras. Yes, five cameras. There are four on the back, including a primary 48MP sensor, an ultra-wide 13MP sensor, a long-range 8MP telephoto, and a 5MP shooter for macro. For selfies you get a big 20MP camera, so clearly this phone knows its photo-loving audience.
The device also features an in-display fingerprint reader. ByteDance has already said it will not be bringing its new smartphone to the U.S., but the phone is available now in China.
Video sharing for teens
A fun and creative app that lets you make your own sketches set to sound bites, music, and different effects. The TikTok app has "privacy and safety" settings to ensure a safe experience. Parents are encouraged to set their kid's profile to private, enable digital well being, and read and follow the apps community guidelines.
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A closely-watched economic forecast has raised the growth rate for the Scottish economy by 0.1 per cent to 0.8 per cent this year.
The Ernst & Young Scottish ITEM Club has raised the forecast based on an improvement in the economy in the fourth quarter and what it sees as an overall improvement in the global economy.
However, E&Y stress its overall economic forecast is dependent upon sustained growth in both the US economy and wider global economy and the Eurozone remaining intact.
E&Y predict Scotland's economy will grow by 1.4 per cent and return to growth of two per cent in 2015, on a par with pre-recession growth levels.
However, the projected growth rate of 0.8 per cent for Scotland in 2013 is behind the forecast one per cent growth estimated for the UK this year.
This was put down to the sectors predicted to be most in decline – construction and accommodation, mining and food services – accounting for 14 per cent of Scotland's economy compared with 12 per cent for the UK.
Scotland is also reported to have a smaller share of the sectors predicted to grow at the fastest rate – professional and administrative services, transport, storage and communication and retail and wholesale – accounting for just under 28 per cent of the Scottish economy compared with 33 per cent for the UK.
Overall, E&Y said Scottish business is performing largely in line with the UK, though is lagging the UK in retail and wholesale and transport and storage and communication.
Dougie Adams, senior economic adviser to the Ernst & Young Scottish ITEM Club, said: "The hope is that the recovery will really take hold as we move into 2014, but it can't be taken for granted.
"Forecasts on exports and investment remain hostage to developments in Europe where the spectre of widespread defaults still loom.
"Domestically, it still remains to be seen whether a 'wait-and-see' attitude will develop towards Scotland while the country's constitutional future is decided."
E&Y added: "Next year's referendum will put Scotland in the global news. On the grounds that no publicity is bad publicity this could be positive in terms of inward investment.
"However, it must be equally likely that a 'wait and see' mind-set will develop over the next 15 months that will see key decisions by domestic investors postponed and a greater, if temporary, challenge in attracting highly-skilled people to come to work in Scotland."
The ITEM Club report warns Scotland has to expand an export base which has grwon too reliant upon the whisky industry, which now accounts for 28 per cent of total exports compared with 18 per cent a decade ago.
E&Y also warns as a result of slower growth in the Scottish economy the gains in employment will be small at best until the predicted recovery in 2015, adding it would be the end of the decade before before the employment rate returns to pre-recession levels.
A separate study published by KPMG today suggests “majority” of Scottish businesses are more confident about the year ahead.
KPMG's first Scotland Business Instinct Survey of “some of Scotland's largest companies” found 74 per cent of those surveyed expect to report an increase in turnover this year, 73 per cent an increase in profitability, and 46 per cent expect to take on more staff.
The survey, based on responses from 90 of Scotland's largest companies, suggests two thirds (67 per cent) reported a rise in profits last year and around half (51 per cent) added more staff.
KPMG's survey also suggests a higher number of businesses in Scotland expect to see a decrease in sales and profits compared to the rest of the UK, “highlighting the fact some companies are still struggling in their chosen markets” KPMG said.


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App-based US helicopter rides company, Blade is launching operations in western India from March 2019, its first international venture outside its home base. Blade has tied up with Indian VC firm Hunch Ventures and will be in a 50:50 partnership.
The company has also roped in ex-AirAsia India CEO Amar Abrol as consultant to shape up the venture. Blade is the largest arranger of flights for civilian travel in the US and offers a unique customer experience through its various Blade lounges and airport experience.
In its first phase – which its CEO Rob Wiesenthal puts as a ‘pilot phase’ – Blade will operate its flights within Mumbai – that is between Juhu and Mahalaxmi. Its inter-city flights will be between Mumbai-Pune and also from Mumbai to the holy city of Shirdi, a distance of 166 km and 300 km, respectively, that the chopper rides will cut down to barely a little over half-an-hour decongesting these corridors and also giving a much-needed reprieve to the commuters as increasing urban mobility is becoming a challenge with growing congestion and lack of infrastructure in Mumbai.
The comfort, of course comes at a price. Though Blade maintains that it will be cheaper than what the existing operators are selling in the market. Not putting absolute numbers to the pricing, Wiesenthal said that in terms of ratios Blade has consistently been able to get the cost of travel down in the US as it sells more seats. He quotes the example of five-minute flight from Manhattan to John F Kennedy Airport that is now selling at $195 from a previous price of $895. And he sees similar trend be replicated in India.
Blade is targeting the HNI segment that is not even a percent of the entire population, usually cost per seat for a charter operator in India is Rs 70,000 per head but it is usually sold much below this price around Rs 15,000 – Rs 20,000 per head. Existing operators, though, feel that it will not be very easy for Blade to replicate the US model in India as it has its challenges.
“Blade is a great subscription-based model. But India has its own challenges for helicopter operators. First of course there is cash burn that is involved, then there are infrastructure issues as the support that heli-operators need is not really there, most of the city monuments are not under the permissible list of aerial tours and then the no-fly zones that restrict air movement,” said one of the charter operators in the country.
But Wiesenthal, who has led some big merger and acquisition transactions in his corporate career, said he is aware of the challenges of the Indian market and he has had discussions with Indian civil aviation authorities and that the Indian partner and Blade are well capitalised to digest the initial losses.


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One of our favourite Toronto-based menswear shops, Uncle Otis will be keeping us warm again this winter with their collaborative Canada Goose parka. We remember back in 2011 when they launched their first collaborative coat to celebrate their 20th anniversary with the Canadian brand, and this years limited edition ‘Otis Parka’ is even more glorious with bespoke charcoal quilting in their luxe Loro Piana wool. The parka also features a removable charcoal coyote fur hood and a leather patch on the right shoulder. It’s also the first jacket from Canada Goose to feature a quilting detail, wood buttons, and three way front pockets.
On the collaboration, Uncle Otis owner Donnell Enns had the following to say:
Uncle Otis is proud to partner once again with Canada Goose for the launch of the Otis Parka,” said Donnell Enns, owner, Uncle Otis. “A co-creation by Canada Goose and Uncle Otis, with particular involvement by our manager Martin James, the Otis Parka intertwines a contemporary feel with Canada Goose’s timeless quality. This time around has been especially exciting as we were given the opportunity to design the jacket from the start; allowing us to incorporate new, exciting aesthetics to the Canada Goose silhouette.
The Otis Parka will be available starting September 30th exclusively at Uncle Otis in Yorkville and online at UncleOtis.com for $1,150.


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Shanghai, December 14 (Gasgoo.com) China's auto giant SAIC Motor and its U.S. partner General Motors have recently set up a Hong Kong-based joint venture to focus on India and other Asian markets. The 50:50 new venture, General Motors SAIC Investment Ltd (GMSIL), may launch an entry-level low-cost car for the Indian market, said India's leading auto news source Wheels Unplugged.
The A1 segment car could be positioned below Spark and cost between US$3,500-4,000, and may also target similar markets like India, including Latin America, Eastern Europe, Africa and even possibly China. Though GM India has no immediate plans for its entry-level low-cost car, the small car may be rolled out from its Talegaon unit.
"The formation of this joint venture which we expect to be finalized in the next three months will help GM India take SAIC's expertise in manufacturing cost-effective small cars and vans and use it to develop suitable products for the domestic market. The first offering from this partnership will be one-ton passenger mini vans," said GM India Vice-President P. Balendran.
The new deal with GM makes SAIC the first Chinese automaker to enter India, the world's second fastest-growing auto market, which remains dominated by small, affordable cars. SAIC-GM-Wuling's vans may be well accepted in India more quickly than Shanghai GM's sedan models, analysts said.
SAIC and GM has formulated a joint strategy for investment in India. They will use GM's two local manufacturing facilities (at Talegaon near Pune and Halol near Baroda) and a powertrain facility, and GM India's nationwide distribution network.


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The smartphone market dropped year-over-year in China for the first time in six years. Does that mean trouble for Apple's iPhone?
Smartphone shipments in China dropped 4.3 percent in the first quarter, compared to the same time last year, according to a new survey by research market firm International Data Corp. There were 98.8 million units shipped in the first quarter of 2015. China passed the U.S. to become the world's largest smartphone market back in 2011.
Apple was the top smartphone vendor in China in the first quarter of the year, according to the report. Apple currently sells more iPhones in China than in the United States. Xiaomi fell to second place, while Huawei maintained third place. Samsung and Lenovo came in fourth and fifth, respectively, after both leading the market at least once in the past year.
Smartphones now have a more than 90 percent penetration rate in China, according to the Wall Street Journal, citing market research firm Counterpoint.


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CANADA: WTO condemns China's foreign parts tariffs
China's plans of building a world-class motor industry were hit on Wednesday by a World Trade Organisation preliminary ruling that condemned the government's discriminatory use of tariffs against foreign car parts.
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